HSPETCH@EC2609A

CEO of China National Petroleum Corporation Meets with Canadian Prime Minister to Discuss Enhancing Energy Cooperation

China National Petroleum Corporation to Complete Phase II Ethylene Project and Promote Domestic Oil and Gas Exploration in 2026

Vitol and Trafigura Negotiate Venezuelan Crude Sales to India and China

Several Brokers Update Ratings and Target Prices

Daqing Oilfield Sees Record High in Natural Gas Output and Renewable Energy Generation

US Military Action After China Assesses Loan Exposure to Venezuela

China National Petroleum Corporation North China Oilfield New Energy Co., Ltd. Established

Changqing Oilfield Reaches 51.42 Billion Cubic Meters of Natural Gas Production in 2025

Southwest China Petroleum Company Achieves a Record 50 Billion Cubic Meters of Annual Natural Gas Production

The Establishment of CNPC North China Oilfield Exploration and Development Co., Ltd.

Xian Wang Investment Increases Holdings of PetroChina by 11.9 million H Shares

China National Petroleum Corporation Buys Additional Shares of China Petroleum

Sinopec New Oil New Energy Co., Ltd. Officially Established with Registered Capital of 3 Million RMB

Talimu Oilfield Achieves New High in Photovoltaic Power Generation, Exceeding 2 Billion KWh

China Allocates 2026 Crude Oil Export Quotas

National Innovation Center for Oil and Gas Geophysical Exploration Unveiled and Construction Promotion Meeting Held

China National Petroleum signs 2026 financial business forecast agreement with Zhongyou Finance

Fumu Oilfield Sets New Record in Annual Oil and Gas Production

China National Petroleum Continues to Renew Derivatives Framework Agreement for 2026

Former Secretary of China National Petroleum Corporation's Oilfield Service Company Under Investigation

UNI PRINTSHOP

WING CHI HLDGS

CINESE INTL

WAN KEI GROUP

CHINA WACAN

JH EDUCATION

DIGITAL DOMAIN

LOTUS HORIZON

VICO INTL HLDGS

K W NELSON GP

00857

601857

Tong Fucai, former deputy secretary of the Party Committee and general manager of China Petroleum Jiangsu Sales Company, is under disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission, as well as the Jiangsu Provincial Commission for Discipline Inspection and Supervisory Commission, for suspected serious violations of discipline and law

Wallstreetcn

PETROCHINA

Tong Fu Cai, former deputy secretary of the Party Committee and general manager of China Petroleum Jiangsu Sales Company, is under disciplinary review and supervision investigation

01179

02015

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HWORLD-S(01179) rose 4.31%, with a trading turnover 127.0 Million HKD, and a year-to-date rose 8.8%. LI AUTO-W(02015) rose 3.61%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 10.6%. AIA(01299) fell 5.54%, with a trading turnover 4.8 Billion HKD, and a year-to-date rose 4.5%. MINIMAX-WP(00100) fell 5.14%, with a trading turnover 398.3 Million HKD, and a year-to-date rose 179.4%.

- The Hang Seng Index fell 1.21% but has accumulated a 3.6% increase this year.  
- The Hang Seng Tech Index decreased by 1.11%, totaling a 3.1% decline year-to-date.  
- Key stocks include Huazhu Group, which rose 4.31%, and AIA, which dropped 5.54%, with MINIMAX-WP experiencing a significant decrease of 5.14%.

Top Gainers & Losers

HWORLD-S

LI AUTO-W

GANFENGLITHIUM

CEB BANK

MINIMAX-WP

FUYAO GLASS

Top 5 HK Stock Gainers/Losers (>100B) (2.6)

00386

600028

561760

561360

516570

600938

159309

A weaker crude price environment has ramped up the pressure on Big Oil’s commitment to allocating cash to shareholders.

ZPEC

VanEck Oil Refiners ETF

Us 12 Mth Natural Gas

SPDR O&G Equip

BP p.l.c.

Exxon Mobil

ISHRS S&P Glb Engy

Global X MLP

iShares US Oil Equip & Svcs

VG Energy

SINOPEC CORP

Range Global LNG Ecosystem ETF

Yinhua CSI Oil & Gas Resources ETF

Sinopec Corp.

iShares US Oil & Gas Expl & Prod

Alerian MLP

Bosera CSI Oil & Gas Resources Index ETF

Us Natural Gas

CNOOC

Invesco Great Wall CNI Oil&Gas ETF

Guotai CSI Oil & Gas Industry ETF

E Fund CSI Petrochemical Industry ETF

SINOPEC SSC

SPDR O&G Ex & Prd

BP p.l.c. ADRhedged

SPDR Energy Select

VanEck Oil Services ETF

GLOBAL X MLP & Energy Infra

Shell plc ADRhedged

SolaX Power

First Trust North American Energy Infra Fd

Shell

Tortoise N Americ Pipe

United States Oil Fund LP

BP PLC-Spons

Alerian Energy Infrastructure ETF

Chevron

ChinaAMC CSI Petrochemical Industry ETF

TotalEnergies SE

China Universal CSI Oil & Gas Resources ETF

Oil giants brace for a bruising earnings season — with shareholder returns at risk

The National Development and Reform Commission announced that starting from 12:00 on February 4, the prices of gasoline and diesel in the mainland will increase by 205 yuan and 195 yuan per ton, respectively. The average price per liter of National 92 gasoline, 95 gasoline, and 0 diesel will be raised by 0.16 yuan, 0.17 yuan, and 0.17 yuan, respectively. Companies such as PetroChina, Sinopec, and CNOOC must ensure stable production and supply of refined oil, and relevant departments will strengthen market supervision to maintain normal market order

AASTOCKS

GF CSI All Share Materials ETF

Mainland China raises refined oil prices starting from early morning

According to a report by ZhuoChuang Information, as of the close on February 2, the reference crude oil change rate for the 10th working day in the domestic market was 4.71%. The retail ceiling prices for gasoline and diesel were raised by 205 yuan and 195 yuan per ton, respectively, with the prices for 92# gasoline, 95# gasoline, and 0# diesel increasing by 0.16 yuan, 0.17 yuan, and 0.17 yuan, respectively. The price adjustment window is set for 24:00 on February 3, and this adjustment will mark the first "double increase" since 2026

U.S. President Trump stated that negotiations between Iran and the United States have made progress, leading to a reduction in investor concerns about the situation in the Middle East, resulting in a drop in international oil prices. In April, Brent crude oil fell by 5.22% to $65.7, while March New York crude oil dropped by 5.38% to $61.68. CNOOC's stock price fell by 5.58% to 23.02 yuan, PetroChina dropped by 4.85% to 8.83 yuan, and Sinopec fell by 3.16% to 5.21 yuan

The relationship between the U.S. and Iran has eased, and international oil prices have fallen by 5%. CNOOC has dropped by over 5%

06828

Beijing Gas Says Dalian PetroChina Appeals Earlier Court Decision

marketscreener

BG BLUE SKY

Beijing Gas Says Dalian PetroChina Appeals Earlier Court Decision

The Hong Kong stock market fell in the morning session, with the Hang Seng Index down 656 points or 2.4%, reporting at 26,730 points. The National Index fell 252 points or 2.7%, and the Hang Seng Tech Index dropped 210 points or 3.7%. The commodity market is volatile, with gold and silver prices continuing to decline, leading to a general drop in related stocks. Brent crude oil fell by more than 4%, with noticeable declines in PetroChina and CNOOC. Domestic property stocks and telecom stocks also experienced declines due to VAT adjustments, with the overall market turnover at HKD 178.124 billion

China Mobile

HSCEI ETF

China Southern CSI Communication Service ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Hang Seng Index

SPDR GOLD TRT

ChinaAMC CSI 5G Communication ETF

ZHONGJIN GOLD

CHINA UNICOM

CHK OIL

FL2CSOPGOLD

CNOOC F03 N3305

CHINA TELECOM

Guotai CSI All Share Communications Equipment ETF

Harvest CNI Communication ETF

CNOOC F12 N4205

ChinaAMC Gold ETF

CNOOC F13 N4305

SD-GOLD

China Unicom

CHINA MOBILE

"Hong Kong Stocks" Hang Seng Index drops 656 points in half a day, commodities, Chinese telecommunications, and automotive stocks under pressure

The three major A-share indices opened mixed, with the Shanghai Composite Index down 0.9%, the Shenzhen Component Index down 0.5%, and the ChiNext Index up 0.7%. Both manufacturing and non-manufacturing PMIs were below expectations, and the RMB/USD central parity rate was adjusted downwards. Chinese telecom stocks opened lower due to VAT adjustments, while international oil prices fell, leading to a general decline in oil stocks, and gold-related stocks saw significant drops. Some individual stocks, such as CATL, opened higher, while BYD opened lower

The three major A-share indices of Shanghai and Shenzhen opened mixed, with the Shanghai Composite Index down 0.9%. Chinese telecommunications and oil gold stocks are under pressure

00135

KUNLUN ENERGY announced that Qian Zhijia has resigned from his positions as executive director and chief executive officer due to changes in work arrangements, effective January 30, 2026. At the same time, He Yongli has been appointed as executive director, chief executive officer, and authorized representative of the company under Listing Rule 3.05. He Yongli currently serves as the company's deputy general manager and safety director, as well as the general manager and safety director of the natural gas sales branch of China National Petroleum Corporation

KUNLUN ENERGY

Change of CEO at KUNLUN ENERGY

PetroChina's share price has seen significant gains, with a 68.0% return over the past year. However, a Discounted Cash Flow (DCF) analysis suggests the stock is currently overvalued by 12.2%, estimating an intrinsic value of HK$8.37 per share. In contrast, a Price-to-Earnings (P/E) analysis indicates the stock may be undervalued, trading at a P/E of 9.67x compared to the industry average of 10.34x. Investors are encouraged to consider both valuation approaches and the company's narrative for a comprehensive understanding of its market position.

Simplywall

Is PetroChina (SEHK:857) Pricing In Its 7x Multi‑Year Rally Already?

Russian ESPO Blend oil discounts narrow as Chinese refiners rush to buy

Russian ESPO Blend oil discounts narrow as Chinese refiners rush to buy

The Hang Seng Index's gain has expanded to over 400 points, reaching a four-and-a-half-year high, currently reported at 27,562 points, up 435 points or 1.6%. Major financial stocks performed strongly, with HSBC rising 2.5%, BOC HONG KONG up 1.6%, and STANCHART increasing by 2.2%. Chinese telecom stocks and the three major oil companies also rebounded with the market, rising between 3.9% and 4%. Local property stocks continue to be strong, with the private residential price index reaching a one-and-a-half-year high

E Fund CSI 300 Financials (ex Banks) ETF

Huaan CSI Banks ETF

BOC HONG KONG

China Merchants CSI BANK AH Price ETF

China Southern CSI Banks ETF

WP CSI Banks ETF

HSBC HOLDINGS

ChinaAMC CSI Banks ETF

Hwabao WP CSI Banks ETF

STANCHART

The Hang Seng Index's gains expanded to over 400 points, reaching a four-and-a-half-year high, led by weighted financials, the three major oil companies, local real estate, and Chinese telecom stocks, while gold mining stocks surged along with gold prices

Asia's gasoline refining profit margin has dropped below $6 per barrel, falling to $5.19 from $6.03 a day earlier due to high supply in the market. Pertamina, Indonesia's state energy firm, anticipates a 3.9% increase in 2026 sales of its 90-octane gasoline. Analysts note that refineries returning from maintenance have added to supply, while high inventories in the West persist. Additionally, PetroChina has halted purchases of Venezuelan crude following U.S. control over its oil exports. Oil prices rose slightly due to a winter storm affecting U.S. production, but supply from Kazakhstan limited gains.

Reuters

Asia Naphtha/Gasoline-Gasoline margin plunges below $6/bbl

Fearing Western sanctions, China's oil giants suspend seaborne Russian oil purchases

S&P 500

PetroCN HK SDR 1to2

Oil control

HSPETCH@EC2609A(13097.HK)

Tong Fu Cai, former deputy secretary of the Party Committee and general manager of China Petroleum Jiangsu Sales Company, is under disciplinary review and supervision investigation

Top 5 HK Stock Gainers/Losers (>100B) (2.6)

Oil giants brace for a bruising earnings season — with shareholder returns at risk

Mainland China raises refined oil prices starting from early morning

Oil control